Tax Group Statutory Accountant - Cape Town Verfied

Salary Negotiable Cape Town, Western Cape Cape Town, Western Cape 10 days ago 23-06-2022 11:21:25 AM
This role is integral to the finance team to ensure compliance with all statutory, regulatory and financial reporting requirements. This role will focus on tax research in new regions, documentation of such tax regulation, calculation and handover to financial accountants of initial taxes, subsequent review of tax calculations and submission of taxes to the relevant authorities.
Duties include, but not limited to:

Reporting:

Monthly Reporting

Prepare monthly income statement and balance sheet reports with notes for management review ensuring all in balance and updated for any changes in the group structure
Publishing of all monthly reports for stakeholders.
Statutory Reporting

Preparation of annual consolidated financial statements including all notes.
Ensure consistent application of accounting policies across responsible entities and compliance to IFRS.
Annual tests for impairment.
Board reporting

Coordination of all information for board reports.
Ensure disclosure in group reporting complies with IFRS and aids in displaying decision useful information for example
Sensitivity analysis per major market for:
Currency exposure;
Accepted purchases;
Processor receivables;
Interest, credit and market risk and reasons for changes; and
Liquidity risk and evaluation of working capital management across all groups (Cash flow vs liquidity and solvency ratio).
Compliance reporting

All required reporting and submissions for regulated markets
All required reporting for all Gaming Authorities e.g. MGA, AGCC
Annual entity reports to administrators.
Reporting to be standardized across entities.
Accounting recording and reporting systems:

System maintenance

Close accounting periods in Navision.
Running single and full entity refreshes in Cognos.
Audit:

Year-end audit files (External)

Prepare audit timeline and plan each year and agree with the auditors (Financial Manager to be involved).
Set up of all audit review meetings.
Research new IFRS and apply to annual financial statements where applicable.
Manage the audit process.
Upload all audit files onto audit portal.
Constant follow up with team leads and financial manager to ensure timely submission of files.
Assist in finalization of audit files and TB’s for submission to auditors.

Coordinate all audit queries received (send to team lead and follow up on outstanding items)

Maintain an audit query list to ensure all queries answered and to assist with the following years audit.
Drafting of financial statements for management and audit review.
Audit Journals
Track audit and client journals resulting from audits
Summarise journals and compare TBs after journals were posted to signed AFS
Communicate journals to the relevant teams
Quarterly audit files (Internal), set up review meetings
Statutory:

Contracts

Prepare and maintain a contract matrix for each group structure
Ensure that all contracts are saved by group structure and agree to invoicing, loan etc. relationships.

Consider tax implications of contracts between entities.

Consider transfer pricing where billing across borders.
Taxation:

Research

Research of all taxation implications for operating in new regions.
Gaming tax and VAT, Corporate tax, normal VAT, withholding taxes, reverse VAT.
Benefits of any applicable double taxation treaties.
Preparation of simple forecast to illustrate the tax implications on potential profitability.
Preparation of tax memo’s for presentation to the relevant Board.
Keep abreast of any changes to all taxes.
All taxes to be recorded on a tax matrix and tax matrix to be maintained.
Gaming VAT and taxation

Review gaming vat and tax calculations for all regions as prepared by the financial accountants.
Prepare taxation submissions for review by the relevant Finance Manager.
Submission of calculations via lawyers or website, request payment and follow through to completion before deadline.
Follow up on payment instruction to ensure taxes are paid before the deadline.
Assist with queries received from the relevant authorities and coordinate required information.
Normal VAT and Withholding Tax

Prepare VAT and Withholding Tax calculations for all entities.
Prepare Withholding Tax and VAT submissions for review by the relevant Finance Manager.

Submission of calculations via lawyers or website, request payment and follow through to completion before deadline.
Follow up on payment instruction to ensure taxes are paid before the deadline.
Assist with queries received from the relevant authorities and coordinate required information.
Corporate tax

Review monthly taxation accrual for tax entities.
Prepare final tax calculations for review by the relevant financial manager
Submit corporate tax submission to the directors and auditors for review
Submission of return to the relevant tax authority and follow up on payments and receipts.
Review

First review of all tax payments to submission.
Review monthly tax and vat vendors follow up on outstanding payments and unmatched items.
Training

Set up and training of management accountants on any changes to taxes and taxes in new regions
Team Work:

Effectively work as a team with relevant client treasury accountant and reconciliation specialist
Effectively communicate to manager and team members to ensure key deliverables are met on time and potential problems escalated.
Openly communicate with managers and team members effectively to ensure that all key deliverables are met timeously and accurately;
Communicates clearly and effectively at all levels; both internally and externally;
Effectively feeds information to required members of the team to ensure all important updates are shared appropriately;
Manages others expectations appropriately and proactively communicates any potential problems.
Bi-annual setting of objectives.
Ad hoc:

Assist in the drafting of process notes detailing how and why monthly tasks are performed to ensure business continuity.
Other ad hoc duties as may be required from time to time.
This job description is not intended to be an exhaustive list of responsibilities. The job holder may be required to complete any other reasonable duties in order to achieve business objectives.

Essential Criteria:

CA (SA) or ACCA
Accounting reporting experience.
Knowledge of IFRS.
Minimum 2 years taxation experience.
Desirable Criteria:

Proficient in Microsoft Excel.
Intermediate to advanced Microsoft Excel skills.
Experience in Navision.
Person Specifications:

Time Management
Self-Awareness
Commitment and Effort
Bottom Line Focus
Adaptability / Flexibility
Learning, Collaboration And Knowledge Management
Control And Efficiency
Business Acumen
Accountability
Planning and Organisation
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